Saturday 27 September 2008

Death and Taxes...

Well, just taxes mostly.

The current issue I'm dealing with is trying to find out what to do with my pensions and investments. I've had a pension since I was 20 (I'm 44 now) and Australia has a thing they call Overseas Investments Tax, which means that any income I get from overseas investments will be taxed by the Australian government. I've been to see one financial advisor about it and have an appointment to see another in a week or so and then I'll have to decide whether to transfer my pensions and investments to Australia or leave them here. It all depends on how much growth they are likely to make weighed up (which you are taxed on) against how much they will actually pay out. It's something that the advisors will work out and then recommend a course of action.

I've also got to get in touch with the companies that run my life and critical illness insurances to see if I am still covered when I am in Australia. I suspect not, but I'm keeping my fingers crossed.

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